I am working for a Pvt Ltd companay, I have a query w.r.t Provision for Income tax. Whether the provision has to be made for month wise, or it has to be made at the end of the year...
Is it mandatory to made the provision for I.T on monthly wise before payment of Advance tax.....
23 September 2011
provision of income tax is made at the end of year and its mandatory as per companies act to made and show the provision in books of accounts.
CAclubindia
